Q 43. What are the penal consequences if a taxable person violates the condition and is not eligible for payment of tax under the Composition scheme?

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Ans. Taxable person who was not eligible for the composition scheme would be liable to pay tax, interest and in addition he shall also be liable to a penalty equivalent to the amount of tax payable. (Section 8 (3) of the MGL). [ As per FAQ on GST published by NACEN ] 90…

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